Consolidated Balance Sheets

	Millions of yen		Thousands of U.S. dollars (Note 2)
31st March,	1998	1999	1889	1999
ASSETS Current assets:
Cash and cash equivalents	¥13,989	¥10,894	$116,046	$90,370
Time deposits	2,584	6,084	21,435	50,468
Marketable securities	12,893	12,732	106,948	105,621
Trade notes and accounts receivable	48,139	47,600	399,330	394,855
Less: allowance for doubtful accounts	(451)	(712)	(3,748)	(5,905)
Inventories (Note 3)	16,878	13,075	140,009	108,459
Other currents assets	2,196	1,934	18,218	16,038
Total current assets	96,228	91,607	789,238	759,906
Property, plants and equipment, at cost:
Lands	3,832	3,822	31,791	31,703
Buildings and structures	11,802	11,859	97,903	98,374
Machinery and equipment	5,148	5,121	42,701	42,482
Tools, furniture and fixtures	3,133	2,978	25,988	24,706
Construction in progress	65	54	536	450
	23,980	23,834	198,919	197,715
Less: accumulated depreciation	(13,643)	(14,133)	(113,173)	(117,244)
Property, plant and equipment, net	10,337	9,701	85,476	80,471
Investments and other assets:
Investment securities	4,223	8,221	35,032	68,195
Investment in affiliates (Note 4)	27	42	227	346
Other investments and other assets	4,561	4,470	37,833	37,084
Total investments and other assets	8,811	12,733	73,092	105,cl625
Total assets	¥115,376	¥114,041	$957,076	$945,002

	Millions of yen		Thousands of U.S. dollars (Note 2)
	1998	1999	1889	1999
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Trade notes and accounts payable	¥30,321	¥29,283	$251,518	$242,914
Short-term loans (Note 5)	2,585	2,679	21,442	22,221
Current portion of long-term debt (Note 5)	26	26	214	214
Advances received on uncompleted contracts	9,584	6,421	79,505	53,269
Accrued expense	3,023	2,699	25,079	22,388
Accrued income taxes	760	647	6,307	5,364
Other current liabilities	3,937	4,430	32,656	36,749
Total current liabilities	50,236	46,185	416,721	383,119
Long-term liabilities:
Long-term debt, less current portion (Notes 5 and 8)	5,029	10,003	41,717	82,979
Severance indemnities	1,744	1,814	14,468	15,045
Total long-term liabilities	6,773	11,817	56,185	98,024
Minorities interests in consolidated subsidiaries	1	2	12	19
Shareholders' equity:
Common stock, par value 50 per share:
Authorized-270,000,000 shares
Issued 1998-72,956,888 shares	11,876	-	98,515	-
1999-67,956,888 shares	-	11,876	-	98,515
Capital surplus	20,252	18,407	167,999	152,695
Retained earning (Note 8)	26,214	25,782	217,446	213,864
Currency translation adjustment	24	(28)	199	(232)
Less Cost of Treasury Stock	(0)	(0)	(1)	(2)
Total shareholders' equity	58,366	56,037	484,158	464,840
Total liabilities and shareholders' equity	¥115,376	¥114,041	$957,076	$945,002